Examlex
"A nonbreaching party can sue the breaching party without making efforts to reduce the damages caused by the breach of contract." Discuss this statement with an example.
Aggregate Demand
Aggregate demand represents the total demand for goods and services in an economy at a given overall price level and in a given time period.
Annually Balanced Budget
A financial plan where government's revenues are equal to its expenditures within a one-year period, resulting in no deficit.
Economic Stability
The condition of an economy characterized by steady growth, low inflation, and low unemployment, indicating overall health.
Cyclical Swings
Refers to the fluctuations in economic activity that occur over time, typically involving periods of economic expansion and contraction.
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